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before the health care law kicks in. so, we are moving in that direction, particularly in the entitlement state. not reforming it, but actually expanding it. >> aen what happened this year was the supreme court helping this along, you have the justices essentially rewrite legislation changing the plain text that congress passed in order to declare obamacare constitutional, which is a little scary, that that highest justices in the land would take that sort of activist role and you mentioned france, dan, that's scary. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay, the voters said, yeah, we're going to keep moving in that direction, kim. i mean, how, what do you think the electorate is here, behind the choices that jason just suggested they might be? >> barack obama won this election by very effectively making this a referendum about his opponent, mitt romney. so if you went
family issuing a statement on his condition a short time ago. and they put it off for months. law i can makers holding our future in their hands and now barely enough time to strike a deal to save us from one of the highest tax hikes in u.s. history. >> senators and staffers now behind closed doors. we are told they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling
that he can actually resubmit a new law and if so, does this -- today's decision only equal a decision that is a temporary setback? >> indeed. it is a temporary setback. within the last few hours, the government officials have been saying that the law will be redrafted to conform with the court ruling. it will be resubmit to do lawmakers and the chances are that it will be passed again. there has been a lot of uproar at this tax in france, a lot of wealthy entrepreneurs moved abroad to other countries in the region. today's court decision could see them delaying departures for the time being. they may well still have their suitcases ready in the corner. >> kelly: to your point, i wanted to ask but that because for the wealthy people living in france, those making more than $1.2 million a year, who would incur the 75% tax should it go through once he resubmits it, how have they responded to the proposed tax hike and the -- i understand the french billionaire, who is the chief executive officer of moa, ask louis vitton, filed an application for belgian nationality and an actor looking to
the president needs to do. there is nothing he has to sign. as a matter of law the law changes in january and taxes go up. president doesn't have to do anything. he can sit back and as taxes go up on everybody including that 1% that he has been after, nothing has been done on spending. sequestration could be rolled back with retro activity where the president thinks he is better shape on spending in january. patti ann: alan? >> you forget the president offered boehner a deal to keep taxes keep the bush tax rate on 98% of the americans. keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing
Search Results 0 to 3 of about 4